OMB APPROVAL OMB Number: 3235-0145 Expires: October 31, 2002 Estimated average burden hours per response. . . 14.9 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. Three)* Vornado Realty Trust - ------------------------------------------------------ (Name of Issuer) Series A Preferred - ------------------------------------------------------ (Title of Class of Securities) 929042208 - ------------------------------------------------------ (CUSIP Number) December 31, 2001 - ------------------------------------------------------ (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ]Rule 13d-1(b) [ ]Rule 13d-1(c) [x]Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Page 1 CUSIP No. 929042208 - ------------------------------------------------------ 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Heitman/PRA Securities Advisors LLC 36-4265577 - ------------------------------------------------------ 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) / / (b) /X/ - ------------------------------------------------------ 3. SEC Use Only - ------------------------------------------------------ 4. Citizenship or Place of Organization Delaware - ------------------------------------------------------ 5. Sole Voting Power Number of 0 - ------------------------------------------------------ Shares 6. Shared Voting Power Beneficially 0 Owned by - ------------------------------------------------------ Each Reporting 7. Sole Dispositive Power Person With 0 - ------------------------------------------------------ 8. Shared Dispositive Power 0 - ------------------------------------------------------ 9. Aggregate Amount Beneficially Owned by Each Reporting Person 0 - ------------------------------------------------------ 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) - ------------------------------------------------------ 11. Percent of Class Represented by Amount in Row (9) 0 - ------------------------------------------------------ 12. Type of Reporting Person (See Instructions) IA - ------------------------------------------------------ Page 2 Item 1. (a) Name of Issuer Vornado Realty Trust (b) Address of Issuer's Principal Executive Offices 888 - 7th Avenue Plaza II New York, New York 10019 Item 2. (a) Name of Person Filing Heitman/PRA Securities Advisors LLC (b) Address of Principal Business Office or, if none, Residence 180 North LaSalle Street, Suite 3600 Chicago, Illinois 60601 (c) Citizenship Delaware (d) Title of Class of Securities Series A Preferred (e) CUSIP Number 929042208 Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (e) [x] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); Item 4. Ownership. (a) Amount beneficially owned: 0 (b) Percent of class: 0 (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [x]. Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company Not applicable Item 8. Identification and Classification of Members of the Group Not applicable Item 9. Notice of Dissolution of Group Not applicable Item 10. Certification Not applicable SIGNATURE - ------------------------ After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. January 11, 2002 - ------------------------ Date /s/ Nancy B. Lynn - ------------------------ Signature Vice President - ------------------------ Name/Title